1. ______ budgets focus on short-term survival of an organization while _______ budgets focus on long-term viability of an organization.
Special purpose, Operating
Special purpose, Cash
Operating, Cash,
Cash, Operating
2. The fixed costs of running a fund-raising gala for the Albany Symphony are $10,000 and the variable costs are $75 per attendee. The facility where the event is being held can accommodate 400 people. Assuming 400 people attend the gala, how much does the Albany Symphony have to charge for each ticket to earn $20,000?
75
100
125
150